Just Energy Receives Final Court Approval to Proceed with Recapitalization and Announces Subscription Offering Participation
JUST ENERGY GROUP (JE)
Last just energy group earnings: 2/10 07:00 am
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US:NYSE Investor Relations:
justenergygroup.com
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Source: GlobeNewswire
Final court order received for RecapitalizationStrong interest in equity subscription option leads to approximately C$52 million to be received from eligible security holders, with backstop parties responsible for approximately C$48 millionClosing of Plan of Arrangement expected on or about September 16, 2020 TORONTO, Sept. 03, 2020 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (“Just Energy” or the “Company”) (TSX:JE; NYSE:JE), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today announced that it has received the final court approval required to close the Company’s recapitalization plan (the “Recapitalization”) and subscriptions totaling approximately C$52 million through the equity subscription option included in its Recapitalization, with the remaining approximately C$48 million to be provided by the backstop parties. The Recapitalization is being implemented by wa
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